Instructions:
(a) Prepare a tabular analysis of the transactions using these column headings: Cash, Accounts Receivable, Supplies, Equipment, Accounts Payable, Common Stock, and Retained Earnings. Revenue is called Service Revenue. Include margin explanations for any changes in Retained Earnings.
(b) From an analysis of the column Retained Earnings, compute the net income or net loss for May.

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Solution Summary

This solution provide calculations in Excel for table analysis of transactions and computations for net income and net loss.